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Beijing Should Scrap the GDP Target
Keywords:
Tags: Early Warning, China,
Browne describes the excessive focus on "hard" GDP targets in China and the results in wasteful spending and neglect of other vital indicators of development such as healthcare, education, environment.
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China's search for a new model for growth with multiple indicators and not focussed only on GDP
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Wall Street Journal 07/15/2013
China Forecasts 7.6% Economic Growth in 2013
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Quarterly GDP growth in China 2012-2014
01/18/2013
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Economists Trim China Growth Forecasts
Wall Street Journal 05/14/2013
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Wall Street Journal 06/24/2013
China Forecasts 7.6% Economic Growth in 2013
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Beijing Should Scrap the GDP Target
Wall Street Journal 01/08/2014
Growth Rose 7.4% in First Quarter, China Reports
New York Times 04/15/2014
China Will Keep Growing. Just Ask the Soviets.
New York Times 10/24/2014
Krugman on China, "shadow banking," bubble in housing and construction, and shrinking role of consumer spending in GDP growth
04/14/2010
Krugman says China's economic planners are no better then planners in the U.S. and Europe who failed to take action against the housing bubble.
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New York Times 12/18/2011
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Charlene Chu Is the 'Rock Star' of Chinese Debt Analysis
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Heard on the Street: Shadow Boxing With Risk at Chinese Banks
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Friedman on China and sustainable growth with multiple indicators including education, health care and the environment
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âAn Uncertain Glory,â by Jean Drèze and Amartya Sen
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Peterson and Hanushek: The Vital Link of Education and Prosperity
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China's Debt crisis
07/29/2010
The debt of local governments estimated at between 27% of GDP by Dragonomics and the China's National Audit Office, to a much larger 42% by Prof. Shih of Northwestern University.
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Charlene Chu Is the 'Rock Star' of Chinese Debt Analysis
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China's future and the experience of Japan and Mexico
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China devotes 3% of GDP to education compared to 5% in developed countries. The underinvestment in education and human capital can lead to stagnation in per capita incomes. This happened in Mexico. The inability to deal with bad loans in the banking system can lead to slowing economic growth. This happened in Japan. The bulldozing of schools of migrant workers reflects a failure to address balanced growth and a breakdown in assigning the right priorities.
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Mexico and China look to trade away old rivalry - The Washington Post
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U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Unrest May Signal New Phase in China Economy
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China's stalling economy and productivity growth- the need for new direction in 2013-2015
03/06/2012
Bloomberg estimates show every one dollar of new credit created now yields about 17 cents in GDP growth as old polices of state led growth are no longer working. This compares to over 83 cents in 2007. Financial repression by reducing interest rates for savers is further depressing consumer spending when it is most needed to rebalance the economy towards domestic consumption.
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Xi Faces Test Over China's Local Debt
Wall Street Journal 12/31/2013
Beijing Should Scrap the GDP Target
Wall Street Journal 01/08/2014
Stiglitz and Sen's report point to need for looking at multiple indicators of growth, including education, health care and environment.
12/30/2005
Be skeptical of touting GDP growth numbers. China which has done this has learnt from this experience as it shifts to trying to assess the costs of environmental degradation in headlong industrialization. The U.S. and the shift to bigger houses and bigger cars, which later fed a collapse of housing and the auto industry show a different angle of this obsession with GDP numbers that can work constructively or destructively if not understood and managed properly. Air quality and pollution is a major problem in China and affects the quality of life.
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Pollution Is Radically Changing Childhood in Chinaâs Cities
New York Times 04/22/2013
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New York Times 06/09/2013
Anger Spills Onto Brazil's Streets
Wall Street Journal 06/18/2013
Brazil's north-east: Catching up in a hurry
Economist 05/21/2011
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
China's local government debt poses a risk for the economy
06/17/2010
China's local government debt is estimated to be in the range of 27% to 42% of GDP. Loans by banks to local government financing vehicles face high risk of default.
Grouped Articles
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/2013
China's Credit Levels Echo U.S. Crisis
Wall Street Journal 09/08/2013
China Think Tank Offers Reform Wish List
Wall Street Journal 10/30/2013
Friedman on corruption of government officials in China
10/27/2010
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New York Times 07/30/2013
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PetroChina Loses $1 Billion in Market Value
Wall Street Journal 08/28/2013
Banks' 'Princelings' Hires Were Widespread in China
Wall Street Journal 09/02/2013
Chinese Activists Challenge Beijing by Going to Dinner
Wall Street Journal 11/07/2013
China scraps exclusive focus on GDP growth targets- correcting misallocation of resources and wasteful spending with multiple indicators
01/08/2014
Linked Articles
Its Growth Targets Elusive, China Focuses on Jobs and Quality of Life
New York Times 03/13/2014
Beijing Should Scrap the GDP Target
Wall Street Journal 01/08/2014
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